February saw its fastest decline in wholesale used vehicle values in more than three years. The Manheim Used Vehicle Value Index came in at 123.3, a 1.4% decline from a year ago. The Index had been above its long-term trendline for 66 of the past 72 months, and the past month saw more of a return to that trendline. Market adjustments may be modest and supportive of retail financing for the used vehicle market in the near term.

NADA Used Car Guide has analyzed how used vehicle wholesale prices at auction and retail price premiums have varied in recent years. Since 2008, wholesale prices began to rise due to low supply, easier credit, and an improved attitude among consumers and dealers about the used car market. In the past two years, the average wholesale price increased to an all-time high of nearly $16,000. Prices in the used retail market also increased – up 18% from 2007 to 2015.

Black Book has published its latest used vehicle market report on specialty vehicles. That includes collectible cars, RVs, powersports, and medium and heavy duty vehicles. It’s been a very busy few months on the vintage auction front, according to Eric Lawrence, Director of Specialty Markets.

The drop in used vehicle values in February, compared to a year earlier, was sizable enough to gain coverage in The Wall Street Journal. According to the Journal, low gasoline prices and demographic shifts are limiting appeal of sedans and compacts on the retail used vehicle market.